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"morning joe." now time for "the daily rundown". >>> big disappointment on the job front. employment stalled, unemployment rises to 9.2%, stock futures dropping big-time on the news. the president will address the numbers later this morning. >>> no deal yet, but president obama and congressional leaders will work all weekend and instead of barbs we're hearing words like "constructive" and "productive." optimism abounds as a deal is truly in the works. both sides seem prepared for seergs concessions. what do these jobs numbers mean and will they hold up a deal as it gets rid of a lot of other issues at this point? >>> and with outside groups set to pour millions into the 2012 race, what's an incumbent pro president to do? is fighting fire with fire the answer? it's friday, june 8, 2012. >>> also this morning, waiting the final shuttle launch. will weather clear in time? and we've honored a departed friend you've invited into your living rooms for decades. >>> this jobs report, we thought the big news today would be the debt talks, but a stunning jobs report, gain of just 1
. >> third, i think they are agreed on budget cuts but not which cuts. i think they are agreed now that big deal is dead so they will try to go for some small deal. i guess they're there but it's clear mitch mcconnell is concerned that the republicans in the house can't get anything through. >> well, then i don't think they're dead. your hopes of them all agreeing on the three things you named as you said, you don't know if it can get through the house. a house divided cannot stand for america, pat. richard, what is your reading? ? the republicans can't get it together and the people who may pay for this is the american public? >> before we get there reverend, i want to pick up on something pat said. if there were any kind of tax increase at all republicans would be finished. let's look at the polls. recent gallup polls suggest that only one in five american voters think that this deficit crisis needs to be dealt with, with spending cuts alone. in other words, the vast majority of voters want to see a mix. now you can debate where the mix should be between spending and revenues, between cut
ever gets to the point where he's really going to cut the big three. i do give the president a great deal of credit for fighting the republicans like this and standing up to them. they're a reckless party and they don't care if they have another financial meltdown in this country. this is one of the most un-american things i think i have ever seen play out by a political party. president obama is putting politics aside. it's time for the republicans to do the same. i mean, when the president says this may sink my presidency, he's willing to have that happen as long as it saves the country financially. for once, for sure, we can turn to washington and see that there is someone and it happens to be president obama who's willing to put country first at the stake of -- at the sake of possibly losing his base in a very important election cycle and it may, of course, jeopardize his re-election. he's got 77 people in the house who signed on a resolution saying no cuts to the big three and willing to go to war with them as well to save the economy. where are the republicans? for the latest o
with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats say the fallback plan, this $2 trillion plus package that was partially negotiated in
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
>>> big casino. let's play "hardball." >>> good evening. i'm chris matthews in washington. leading off tonight, shooting the moon. president obama met today with congressional leaders to deal with the debt and he may have calmed the republican' bluff. the president is pushing a plan much bigger than before with $4 trillion. that's trillion with a t, spending cuts. major changes to medicare and to social security could be on the table as well. provided republicans agree to an increase in tax revenues. we may be watching president obama outmaneuvering his republican opponents, positioning himself as an even bigger deficit hawk than those on the right. it's a bold move, but will it work? >>> and what happens if no deal on the debt creeling is reached? is president obama's last best option to invoke the 14th amendment, to bypass congress and borrow beyond the debt limit? conservatives are usually quick to defend the constitution, but congressman tim scott of south carolina says that move might be worthy of, believe it or not, impeachment. >>> how's this for a fight? fox is going after
guys to protect the fat guys and corporate jets and big super rich. you're expendable now, crack thinkers. don't you understand? they play you against the poor and you're skpentable now. let those guys handle it. they got to protect the big guys. >> now know, that is coming from john mccain whose campaign might be compared to custard, except custer's came out better than mccain's did. in 2012 a conservative will be elected so i think that will speak for itself. his his brand was she lacks in 2007 within 2008. mine won the house of representative by record numbers in 2010. >> yeah, but now your brand of conservative is told, get your butts in line. don't get too big for yourself. because you've done your job. you're saving the corporate jet guys. you're closing in making sure to protect the loops holes. now just shut up and let us handle it, we've got movies it watch. thank you judson phillips. thank you for being here with me. >> thank you for having me. >> hosts of the bill press show on sirius radio, gentlemen, it is quite interesting, looks like mr. boehner is trying to get a
to ask big oil companies and people making over million dollar to do their fair share by increasing revenues. >> have a good fourth of july weekend and we'll see you -- >> big mets and yankees series in new york tonight. i'll be watching. >> i'm always rooting for the national league. always got to stick to it the big guys. thanks. >> thank you. >>> all right. joining me now major garrett chief congressional correspondent for the national journal. doesn't want to kick the can down the road. sounded like a guy -- all right, if that's the deal that's cut and there's a temporary deal and it sometimes right now that's what smells like what's coming. >> he would have said i will vote against that. he didn't say that. >> that's what it's important. >> he didn't say i will vote against it. that's important. it's going to have to be up to the house republican leadership to bring that to the floor to agree to a short-term resolution of this absent a huge deal. eric cantor told me this week -- >> a great column about eric cantor. if we look at it in five pots here, the white house, senate rep
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
democrats are calling for a roll back for tax benefits for wealthy americans, big corporations. republicans essentially saying, they can't support anything that looks like a tax hike. so we expect the president to come forward in his remarks today and resume his calls for a big deal. he's going to say now is the time to seize the moment and we're going to have to accept some political pain on both sides. that's something that we've heard him say before. political pain for the democrats would be coming to the table over entitlement reforms, in terms of social security, medicare, and, again, for the republicans, political pain might mean tax revenues. so that's what we expect him to say, chris. he's going to say that they're going to continue to talk until they get a deal done. as you know, there's that august 2nd deadline looming large. a lot of lawmakers want to see a deal within the next ten days so that that deal can be scored by the do and sold to both houses of congress. chris? >> thank you very much, kristin. let's go to new york and luke russert, coverage of capitol hill.
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
as well. so we need to do something big. >>> plus, decline of an empire? murdoch makes the cover of "time." the uk makes another arrest. and u.s. lawmakers demand investigations into news corp's actions here at home. >>> strikeout. why did the judge just declare a mistrial in the roger clemens' perjury case? >>> good day. i'm andrea mitchell live in washington. it's round five of the debt talks today. coming off the most heated exchange yet in the debt negotiations between president obama and republican leaders. eric cantor says the president all but stormed out of the last meeting. democrats have a different story. their version is that in fact, it was the republicans' fault. major garrett is congressional correspondent. here we are unveiling the cover as we do every week of the "national journal." let's talk about these negotiations. we've got he said/he said, basically. you have two sides accusing each other of storming out. it clearly got a little bit testy. >> it got testy -- >> we're told cantor interrupted the president several times. >> eric cantor was persistent, i'm sure. eric c
clearly we have a bought one. time to change that. our show starts right now. >>> well, the big story today, whether we like it or not, round 4. right now congressional leaders walking back into the white house for the fourth straight day of debt talks with president obama. it is hump day here in new york city, and across this great land. i am dylan ratigan. a pleasure to be seeing you. debt negotiators have yet to get over their trillion dollar hump and agree on a debt deal to keep our nation functional, the president stepping up the fearmongering, warning that seniors may not be able to get their social security check next month if congress does not act. quite simply, that would not happen. on the gop side, speaker boehner said any deal would be a crapshoot. house majority leader eric cantor, king of the prowrestlers these days, a leading voice emerging, aligning with the extremely far right idea logically prime minister study committee, in guarantees another job-killing debt crisis. that's a good talking point. i think most notably we'll stop spending on pod people or -- does
fourth of july weekend. we'll see you -- >> big mets-yankees series in new york tonight. >> i'm always rooting for the national league. you have to stick it to the big guys. congressman, thanks. >> thank you. >>> all right joining me now, chief congressional correspondent for the national journal. doesn't want to kick the can down the road. >> right. >> sounded like a guy who, if that's the deal that's cut and there's a temporary deal, right now, that's what smells like is coming. >> yes. >> he did say i will vote against that. what they say and don't say matters. he didn't say i will vote against them. it's going to have to be against the house leadership to agree to a short term resolution to this absent huge deal. >> eric cantor told me this week, there's a great column on this, a great column about eric cantor. if we look in five pots here, the white house, senate republicans, not democrats house democrats, all reluctantly support the short term deal. the one who wouldn't, house republicans. >> they don't want to vote twice. there's a number of the house majority that total 239 tha
a democratic president at the table willing to make major changes in the big three, to the tune of $4 trillion across the board, and the republicans won't take the deal. it's rather amazing. why? are they afraid that president obama might do well with independent voters? are they miscalculating the fact that the base would be furious with the president if he were to cave in on the big three? and president obama tonight in my opinion is emerging as the most honest broker maybe washington has seen in a long, long time. he openly states he's willing to put his presidency on the line to bring both sides together to get a deal, and the only way he believes that can be done is if some revenue from the wealthiest americans comes into the treasury. and the republicans won't budge. it's amazing, it really is amazing. president obama is trying to make an honest negotiations at the decade. this is what republicans have wanted for decades. they have a democratic president that's willing to do it and they walk? because of revenue? amazing. for more on tonight's meeting, sam young man. white house correspon
, but if a shrunken version of the boehner big does -- or if they go to an emergency extension, the president will be right back in the same predicament he's in right now. i think a lot of people are upset. they blame the republicans more than the democrats for the gamesmanship, but the fact is the republicans have also backed the president into a corner, even if they're doing it in a way that's not popular. >> i want you to analyze these two possibilities, one the president could give away more of the store, more spending cuts, maybe enough to get us thus this increase. which would make the redhots happy. no tax increase at all. the other possibility is to marry what boehner wants right now with what mcconned was talking about next year, where next year it can be are can be raised by the president, only the house would have to come back with a two thirds veto, so it seems there is a possibility for compromise, but the easiest thing is for the president to throw the whole bomb game, say, you win this year, not next year. >> i don't think he can do >> i don't think he can do that, chris. when
in this country, if we don't meet our bills, do we get into big trouble, or don't we? some people are holding out and saying, this isn't a problem we can slither through this thing. where are you on that? >> no. i think it is a problem. in fact, you know, we have slowly stair stepped our way into this mess and certainly the gop caucus, right on right crime perpetrated there with the different messages and you know, who's on top of who? who's the leading voice today? done nothing more than muddled the debate for a lot of the american people right now. you're seeing it begin to reflect in the polls. beginning to see it reflect amongst some of the other members of the caucus who are just sick and tired of not getting to a point of resolution. so i think that there are very serious people there beginning to step up with the party on both sides, quite frankly, to move the participants to a point where we can actually begin to get something done. i think, chris, there will be a deal done. the question is, right now, what exactly does it look like, and who's prepared to stand before the american people
-health clinical toothpaste. life opens up when you do. >>> the numbers are still rolling in but the big 2012 fundraising winner looks like president obama. the commander in chief has set a $60 million goal for this quarter. and michele bachmann is spending some of her money on a new ad in iowa. check it out. >> as a mom of five, a foster parent, and a former tax lawyer and now a small business job creator, i know that we can't keep spending money that we don't have. >> today the obama administration plans to announce two programs to help unemployed homeowners. usa today reports that the program would give people out of work more time to pay their mortgages. and we're less than an hour away from the players going into the cabinet room at the white house to try to figure out a deal to cut the debt. the big headline today, the president has put social security, medicare, and medicaid on the table if republicans will agree to tax hikes. it's an attempt to break an impasse. the president and the speaker have met privately to talk about the deal. let's bring in the editor and political columnist a
with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
big push for the big cuts republicans say they want. if they turn their back on those big cuts, the president is in the strongest position to say they are not living up to their rhetoric. let alone their principles. >> and there is no chance of them accepting any kind of big deal at all because the president is insisting that there be tax revenue increases in there. so the president knows that he is pushing something that they absolutely cannot agree to. so at this point, what the president does seem to be doing is what you just said, is making his position appear to be the one who wants to do the big move on deficit reduction and forcing these republicans to back away from big deficit reduction, thereby, he hopes, neutralizing deficit reduction as an issue against him in the presidential campaign. >> well, look. he's talked about deficit reduction all the way through. but remember, it's not just his position here. it's two thirds of the american public. we have a slew of polls here saying that two thirds of the american people want to see some combination of taxes and spending
as you know can happen instantly if some big player decides to sell off. >> obviously i'm not qualified to speak on behalf of the markets and what they will or will not do, but just my own judgment based upon all the various kinds of conversations that are occurring, are that we will find a way to deal with this issue. we do know that the root cause of our debt and deficit problem is spending is just too high. we also want economic growth. we don't want to embrace policies that we sincerely believe will damage the economy and hurt job creation. if you do that, then you lose even more revenues. so what we want to do is get a downpayment on our deficit and debt by getting spending cuts. i think that there are constructive conversations that are occurring both sides of the rotund rotunda, both sides of pennsylvania avenue. i do believe cooler heads will prevail. >>> what are the constructive conversations? for instance, are some elements of the gang of six proposal, i know you said it's not specific enough, it doesn't go adequately to slowing the growth of health spending, but are there co
,000 donors. >> willing to go big here. >> a shock and awe report. >> what a juggernaut this was for the president. >> mr. mcconnell said the day i was elected president, to see me beat. >> now i'm not the only one who knows the president is winning. >> republicans don't have a chance. >> mr. mcconnell who waves the white flag. >> mcconnell squawks, boehner balks, and cantor woes. >> trying to win the spin game. >> the senator republican leader says hey, i got this other nifty back-up plan. >> this is a complete betrayal of the tea party. >> let's be in a position to blame president obama. >> mitch mcconnell trying to become senator majority leader. >> tea party republicans are not exactly on the same page. >> inmates are truly running this asylum. >> we cannot go on scaring the american people. >> piece of legislation. >> this is a misnomer. >> as i fumble for the acronym, it guarantees to keep the promise. >> continue to be challenged by pledges they just can't keep. >> there's something out there called the marriage vow. >> michele bachmann, who attempted to explain w
need to do that. we have come up with a trillion in cuts. we need to ask big oil companies and people making over a million dollars to do their fair share by increasing revenues. >> let's talk about a short term deal. are you willing to vote for something that is iks to eight months, the trillion, trillion and a half cuts that have been agred to among the biden group to raise the debt ceiling temporarily? can you sign on to something like that? >> chuck, i prefer ton. i wasn't elected to kick the can. the matter is, he can don't need to kick the can. everybody knows what needs to be done. tighten belts, those are the elements of a long term deal that will help our economy grow and prosper in the future. we have done it before. we could do it again. it would be nice it if we had republicans to noe republicans to negotiate in, in good faith. >> some cuts in medicare, i know you guys have been making a big deal about the 45th anniversary of medicare just past, are you going it sign on some t.o. something that has trends m n medicare as long as you don't feel it hits beneficiaries directl
. how exciting. >> they match. >> they do match. >> the big news of the day, yesterday, of course, was moody's coming out and saying, listen, we don't expect this to happ happen. the chances are slight this is going to happen. just the chance it may happen, we are going to downgrade america's credit rating. >> we are going to put it on credit watch to downgrade it or we will downgrade it if it happens. first of all, the rating agencies were behind the curve during the whole financial crisis and they took a lot of heat for that. now they are trying to be more proactive. when you have a congress that refuses to address the issue, what do they do? it's not a shocker. it's another symbol of how dysfunctional things are in washington and what the stakes are and how dangerous it is. you know a few people across the globe. >> i like it when mika says it better. >> say international financeer. >> i would think these are trying times for banks across the world. look at ireland a second time. it's spread to italy. we have all heard -- greece, portugal. it's all across europe. it's coming to
writes, get this, $80 million different checks. for everything from big ticket items like social security, veterans benefits, and nondefense contracts, to smaller payouts, to folks who are, for example, victims of black lung disease, or people who are railroad retirement board pensioneers. it's 80 million checks every single month. and, again, only about half the money they'll need to make good on all of those payments. so what does treasury do? who gets paid? who doesn't? the bipartisan policy center has laid out a possible scenario in which the treasury department only pays the following bills in august. interest on our debts, social security benefits, medicare and medicaid, defense contracts, and unemployment benefits. just paying those bills, just those, not everything we owe, just those, brings us to about $172 billion. which if you'll remember is all the money that they will have on hand. if only those programs get paid, here, my friends, is what doesn't get paid. military pay for active duty soldiers, veterans affairs programs, salary and benefit for federal employees, department o
out whether they want to continue to push for big deficit reduction or whether they want to pull back and punt to the next election. >> it seems as i sort of alluded these are two guys, boehner and obama who might like each other, ideology aside. is there a sense they could have worked out a deal if not for the extremists in their parties and what are you hearing? what's the buzz this weekend at camp david? is that giving people some hope? >> you know, as diylan said the darkest night is right before the dawn. i don't think we'll see much hope for the few days. the boehner/obama relationship, in the absence if they had stronger control over their bases, president obama is in a much stronger position than boehner is, they could have had a deal. it's not just ideological extremists. it's an issue of a culture in washington affirmed over the last three elections, you get elected by shouting no compromise, you get elected saying i am going to fight for what i believe and not going to bend on that and bending is the whole problem and that's what both parties are dealing with. it's not just
house back to the table, back to talking about something big. now, look, we still got a long ways to go. it's a weekend of sales jobs going on right now that actually began last night when the president had the congressional democratic leadership over to start talking turkey. so that brings us to the other sticking point, the actual substance. everybody has to figure out what to cut. this isn't going to be as easy as folks think and both sides are moving toward a deal that would include a trigger to assure mutually destructive politically when it comes to the two big items being kicked to committees or joint committees and that's still being figured out, tax and entitlements. one incentive plan would kill bush tax cuts for the rich and key portions of the new health care law if somehow the reforms for the tax code and social security and medicare weren't agreed to and implemented by january 1st, 2013. the question is, is the penalty on the bush tax cuts sort of the idea that you're kicking this down, is that going to be enough to assuage some democrats who believe there's too many cuts
a stumbling block along the way to a potential big agreement. they've been negotiating all along behind closed doors. alex wrshs. >> okay. thank you very much, mike. see you next hour. >>> well, this week's nbc news-wall street journal poll found a majority of americans are worried about the effects of not striking a deal soon. 55% of voters say it is a real and serious problem if they fail to raise the debt limit. 18% say it would not be a problem. i'm joined now about nbc's deputy political director mark murray. good morning to you, mark. >> good morning, alex. >> as we look at that poll, most americans want to see something get done. why can't washington make this happen? >> well, according to our poll, alex, almost all americans want some type of compromise, but not everyone does. overwhelming majorities of democrats and independents say they want democratic leaders to compromise. also, an overwhelming majority of political independents want republican leaders to comp midz. the exception? a majority of republican respondents want their republican leaders to hold their ground and stick thei
, use what we know are good skills at lying, erase her past or going to take a big payday although there is option three which is the money piling up in her account for men who for whatever reason, motives unknown seem to want to take care of her so she does have fans. i don't know if you saw the reports she does have fans. >> she has sponsors. >> sponsors is a polite way to put it. >> when we talk about the fact that she has money making potential to come to talk about the ordeal she went through, isn't it also a scarlet letter put on whatever organization decides to pay this woman? >> absolutely. when the adult entertainment industry, when triple x entertainers are saying our customers can't stand to have you involved with us, it's hard for a main stream organization to get behind her. >> tony what about the logistics for sunday? the reporting i've been hearing out of orange county florida they're not able to protect her other than if she were to call 911 and needed help they're not able to provide body guards or any services to her safety. >> there will probably be people waitin
some big structural changes to how things work. giving them credit for that. what they say really derailed this is when the gang of six came back. that group of bipartisan senators working for months on their own deal. they were considered to be own the side lines. they burst back on the scene tuesday with a package that differs from what the white house and speaker boehner had been talking bp gop aids say then the white house pulled back. and began to change its demands and change what it wanted. so speaker boehner is saying yes, the white house was willing to change the tax code but then came back and wanted to do things that would have left the possibility for cuts in some of the spending. but not the kind of package that they had talked about. basically it gets complicated. i won't go into all of the weeds but they walked us through many steps of where they say the white house pull pulled back app at that point they felt they had nowhere to go. for example they talked about having a change in the tax code cho would lower rates. after the gang of six they said the wlous no long
and defending tax loopholes for millionaires and big corporations is what republicans have called for. they need to meet us somewhere. >> thank you, congressman steve israel. >> thank you. >>> joining me now, "washington post's" chris, author of "the fix." a managing editor also. let's visit this grover norquist issue. i think on tuesday in an interview with your "washington post" editorial board, grover norquist, the man famous for his anti-tax pledge, said that not renewing the bush tax cuts would not violate his pledge. listen to some of that audio released. >> not continuing a tax cut is not technically a tax increase. >> stow does not violate the pledge. >> we wouldn't hold it that way. it would be a very bad thing to do. it would raise taxes from where they are today. >> who don't follow the inside baseball the way you and i eat, drink and sleep it. what is the significance of grover norquist saying that? >> for people who don't know, grover norquist since 1985 has run a group called americans for tax reform pap d.c.-based group that does a lot of thing. basically, to hold the line on no t
on the big things is something they choose to do. >> we emplore the other side to get serious. >> when is the house going to stop the charade? >> the gang of six is still trying to lead. >> it's a far cry from the paul ryan budget. >> we thought this was the gang of six, dead and buried. >> now the gang of six is a gang of seven. >> two parts, there's always a second act. >> gotten rave reviews from a lot of folks. frlgs colleagues really liked it. >> when does somebody have to say uncle? >> murdoch is also not taking the blame. >> insisting that he is not to blame. >> london calling. >> tried to pass the buck today. >> just doesn't really stack up. >> the 80-year-old also appeared confused. >> he said yes, i'm in charge of this company. >> somebody jumped over to, i believe, get to rupert murdoch. >> somebody with a pie, wendi murdoch leaped past her husband. >> she's feisty, i've met her. >> if i remember correctly, that looks like a spike. >> you can always say with glitter. >> as the deadline for raising the debt ceiling grows closer by the day, house republicans chose to spend thi
by decisions four, five years ago, mostly by republican congress and president. it's like having a nice, big dinner with a few friends at the restaurant and then saying we're not going to pay the bill. that's what not raising the debt ceiling is. >> and when you look who we owe the money to, 44%, the biggest percentage of our debt is owed to the federal reserve, which is -- if we're going to not pay debt, instead of not paying social security or veterans, why not just pay the federal reserve since we're subsidizing the banking system anyway? >> you could do that but i gang ter wouldn't get you very far. it might get you a few days. the problem is that -- if you don't raise the debt ceiling shortly after august 2eneden the secretary of the treasury is faced with a choice of breaking the law. the question, which law? one law says the debt ceiling says you can't borrow to pay the bills. but the anti-impoundment act of 1974 says you must pay the bills and you must spend the money congress appropriated. you can't not spend that money. >> you must not -- like being told you must not think about th
guns on something he's done his entire presidency, which is when there's a big bill that needs to get through congress, whether health care, whether the stimulus or whether this, he lets congress handle the details. he doesn't present his own legislation. he doesn't say here's my plan. let's amend from this. it's instead, trying to let's grab a piece here, let's grab a piece there. let congress do all the talking. we'll see. it is one of those debates that takes place among folks that observe this president from the outside wondering why does he keep doing it this way. who will win the battle long term? john boehner and harry reid teed up that fight yesterday. >> two groups of people from two different planets who barely understand the language of the other one. they're two remarkably different visions for what the appropriate role of the government should be in our society. how our country operates. it's stark and it would shock most americans. >> any time around here with the new tea party philosophy, they seem to think they have an all-knowing wisdom about the constitution. in shor
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